XRP Family,
Please be very careful with your crypto.
It came to my ears that a member of the XRP community got all of his crypto stolen. Not only XRP apparently but he accumulated a lot over the year.
I will try to get more details about how this happened since I know him personally and if he agrees with me sharing with the community, I will post about it to help others who may be in the same case.
Just so you know, my friend, I will not let you miss the boat and will not let you down. Not you, not now. You've been in this for too long to not be a part of this.
everyone's talking about tokenisation.
but what is tokenisation and how does it work?
by popular demand, here's everything you need to know about one of the hottest topics in blockchain right now.
in short, tokenisation is the process of converting ownership rights of physical or digital assets into digital tokens on a distributed ledger.
this allows traditionally illiquid assets like real estate to be bought, sold and traded online, often in fractional pieces.
how it works:
1/ an asset is selected to be tokenised
an asset (such as a commercial building) is selected, appraised, and legally structured for digital representation (ie tokenisation).
2/ the asset is represented on the blockchain
developers write the code to tokenise the asset on the blockchain. these smart contracts establish the rules of the token, including ownership rights, dividend distributions, and how the token can be transferred etc.
3/ tokens are minted
digital tokens are generated on the blockchain. these tokens represent specific shares or rights to the underlying asset.
4/ distribution and storage
investors can freely buy and sell the tokens. because the tokens are fractional, people can easily own a small percentage of a high-value asset (like real estate).
5/ trading and settlement
because tokens are traded on the blockchain, all trades are recorded permanently and transparently, without the need for a traditional bank or clearinghouse.
F · O · U · N · D · E · R · S
The sitcom about how the ripple:native Ledger was born.
Episode 1: "The One Without Mining"
cc @JoelKatz@bgarlinghouse@chrislarsensf
🚨 ripple:native CLARITY ACT COULD FUEL A MOVE, BUT EXPECT RESISTANCE! 🚨
With the #ClarityAct vote tomorrow, the timing is interesting...
We've spent several weeks consolidating underneath major resistance while continuing to hold the .5 retracement. That keeps this W4 structure valid, and a new local high is still very much on the table.
A .5 retracement is also completely normal for a W4 correction, so I wouldn't be surprised to see another push into resistance. As high as the $1.74–$1.78 levels...
If we reach that, I'm expecting HEAVY resistance. It would complete a really clean 5-wave structure from the low, making it a very logical place for a local top and correction.
So if #XRP pumps on the news and then gets rejected, that does NOT automatically mean the market is weak or the new trend failed. It's exactly the type of reaction we'd expect with the current market structure!
Once XRP can eventually break $1.65 and hold it as support, that's the structural change we're waiting for.
If it can't, then the lower Fibonacci supports around $1.09 and $0.87 are still in play!